Moving Stocks: Cisco Systems, Inc. (CSCO), NVIDIA Corporation (NVDA)

A motorcyclist rides past Cisco Systems Inc. signage at the company's headquarters in San Jose California U.S. on Friday Aug. 15 2014
Cisco revenue dips 1% as it struggles to sell main networking products
Author

17 May, 2017

Out of the brokerage recommendations 13 rate Cisco Systems, Inc. (NASDAQ:CSCO) set at $2.38 according to the sentiments of 34 analysts, while its lowest earnings estimates are $2.33 and highest earnings estimates are $2.44. The institutional investor owned 10,738 shares of the network equipment provider's stock after buying an additional 1,530 shares during the period.

"Cisco holds leading share of the firewall market and its end-to-end portfolio is unmatched by peers", said Faucette.

Laffer Investments decreased Cisco Sys Inc (CSCO) stake by 76.86% reported in 2016Q4 SEC filing. For the Current Quarter, 29 analysts are projecting the mean EPS to be $0.58/share. Asset Management One Co. Ltd. now owns 8,822,459 shares of the network equipment provider's stock worth $266,816,000 after buying an additional 8,043,558 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $112,000. State Street Corp increased its stake in Cisco Systems by 2.8% in the fourth quarter.

The stock is now showing YTD performance of 12.61 Percent. Quarterly performance of the company shows optimistic momentum of 7.08% while its last one month trend is positive with 2.54%.

Cisco Systems, Inc. has a 12 month low of $26.46 and a 12 month high of $34.60. Fast-forward to yesterday, and CSCO opened on a 1.2 percent up-gap, closing at $34.23, in reaction to both Morgan Stanley's upgrade to OW from EW, a revised upside target of $39 from $32, and "security-driven networking share gains over the longer-term". The firm has a market capitalization of $171.77 billion, a price-to-earnings ratio of 17.68 and a beta of 1.36. After settling last week at $59.93, Starbucks shares are trading up 1% ahead of the bell - poised to reclaim a foothold atop the round $60 mark and 20-day moving average.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Cahill Inc holds 0.33% or 18,134 shares. On a consensus basis this yields to a Buy. Moreover, Jarislowsky Fraser Limited has 0.01% invested in Cisco Systems, Inc. Cisco Systems's dividend payout ratio is now 49.52%.

WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another site, it was stolen and reposted in violation of worldwide copyright & trademark legislation. The correct version of this piece of content can be viewed at [[permalink]]. We believe Cisco will at least meet our 3Q:FY17 revenue estimate of $11.84 billion (Street is at $11.90 billion) and our EPS projection of $0.58 (Street is at $0.58). Also, a few days before, Morgan Stanley has upgraded the stock to an Overweight rating suggesting that the future looks solid.

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Shares in Cisco, a member of the Dow Jones industrial average, were up 2.7% to 34.35 in the stock market today, and have climbed roughly 14% so far this year. Drexel Hamilton restated a "buy" rating and set a $36.00 price target on shares of Cisco Systems in a research report on Saturday, January 28th.

02/16/2017 - Cisco Systems, Inc. had its "buy" rating reiterated by analysts at UBS.

According to 27 analysts, Cisco Systems, Inc. Bank Of Nova Scotia sold 1.99 million shares as the company's stock declined 4.06% while stock markets rallied. 18,950,047 shares of the company were exchanged. Following the completion of the transaction, the director now directly owns 3,700 shares of the company's stock, valued at $125,504.

In other Cisco Systems news, Director Steven M. West bought 3,027 shares of the firm's stock in a transaction dated Wednesday, February 22nd.

In the transaction dated February 23, 2017, the great number of shares disposed came courtesy the Director; SARIN ARUN disposed a total of 13,869 shares at an average price of $34.06, amounting to approximately $472,378. The disclosure for this purchase can be found here. Mcdaniel Terry holds 0.06% or 9,270 shares in its portfolio.

In the quarter ending July 2016, Cisco Systems, Inc. delivered an even larger earnings beat.


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